JLL’s Larew: Demand for industrial space still rising in the Twin Cities
15 Feb 2021
The COVID-19 pandemic and the restrictions that local governments have placed on businesses continue to devastate several commercial sectors. The office, retail, hospitality and entertainment sectors across the country have been hit particularly hard. But one sector that continues to thrive? Industrial.
And the Twin Cities is no exception.
According to the latest research from JLL, the Minneapolis-St. Paul industrial market ended 2020 with 766,074 square feet of positive absorption for the year and a market vacancy rate of just 6 percent in the fourth quarter.